Phoenix Group  

Phoenix hires M&A director in growth push

Phoenix hires M&A director in growth push
Anna Franekova, corporate development manager, Phoenix Group

Phoenix has created a corporate development director role to drive its growth through mergers and acquisitions.

Joining the firm in March, Anna Franekova will be responsible for overseeing Phoenix’s corporate activity which includes finding and pushing forward with acquisitions.

Franekova will report directly to Andy Briggs, group CEO, and serve as a member of Phoenix Group’s executive committee.

She joins from JPMorgan Chase where she was a managing director within the investment banking division. 

Franekova also has 15 years of experience in the insurance sector across mergers and acquisitions and capital markets transactions.

Briggs said: “We are delighted Anna will be joining us, who brings a breadth of capital markets, advisory and leadership experience that will support us in continuing to achieve progress against our strategic priorities. 

“With an estimated market size of £480bn, there is a huge opportunity for further UK heritage book consolidation. With Anna’s experience in M&A we will continue to build on our position as the market leader in the sector.”

In October Phoenix Group said it was investing in Standard Life as it moved to expand this part of the business.

Phoenix bought the Standard Life brand name in May 2021 after it bought Standard Life Aberdeen’s insurance arm in 2018 for £3.28bn.

Phoenix said the “look and feel” of the Standard Life brand would then change through a series of subtle changes in brand style.

Back in May, the firm also confirmed it was in advanced discussions over the sale of its European business, in a deal reportedly worth up to £550m.

But in June, the board concluded selling the business would not maximise shareholder value and stopped discussions.

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